Finance ministry: Armenia’s seven-month budget performed with AMD 51 billion surplus

30.08.2013 18:37
Finance ministry: Armenia’s seven-month budget performed with AMD 51 billion surplus

YEREVAN, August 30. /ARKA/. Armenian government has performed the Jan-July part of the 2013 budget with AMD 51.1 billion surplus, the press office of the finance ministry reports.

Surplus for the third quarter was projected at AMD 12.4 billion in the budget, but the larger-that-projected revenue enlarged the surplus by AMD 9.6 billion against AMD 37.4 billion spending projected in the budget.

The Jan-July revenue amounts to AMD 604.6 billion – 19.6% year-on-year growth.

The budget received over AMD 570.2 billion in Jan-July 2013 as taxes and customs duties – 19.6% year-on-year growth, which was mainly ensured by VAT, customs duties and payments for nature management and protection.

The budget spending amounted to AMD 553.4 billion in Jan-July 2013 – 7.1% more than at the same period a year before. The growth is mostly due to increase in current expenses.

In the 2013 government budget, revenue is projected at AMD 1 trillion 32.7 billion and spending at AMD 1 trillion 152.5 billion. Tax and customs duty revenue is projected at AMD 993.08 billion and deficit at AMD 119.7 billion or 2.6% of GDP.

The deficit is planned to be filled by net income from internal and external sources - AMD 55.1 billion and AMD 64.6 billion respectively.

Inflation is projected at 4±1.5% and GDP growth at 6.2%. ($1 – AMD 405.91). ---0---


Tags: , ,

Partners news
Loading...

Related Posts